A principal of $2900is invested at 3.25% interest, compounded annually. How much will the investment be worth after 9years? Use the calculator provided and round your answer to the nearest dollar.

Answers

Answer 1

Given:

Principal = $2900

Rate of interest = 3.25% compounded annually.

Time = 9 years.

To find:

The amount of investment after 9 years.

Solution:

The formula for amount is:

[tex]A=P\left(1+\dfrac{r}{n}\right){nt}[/tex]

Where, P is principal, r is rate of interest, n number of times interest compounded in an year and t is the number of years.

Substitute P=2900, r=0.0325, n=1 and t=9.

[tex]A=2900\left(1+\dfrac{0.0325}{1}\right)^{1\times 9}[/tex]

[tex]A=2900\left(1+0.0325\right)^{9}[/tex]

[tex]A=2900\left(1.0325\right)^{9}[/tex]

Using calculator, we get

[tex]A=3867.306[/tex]

[tex]A\approx 3867[/tex]

Therefore, the worth of the investment after 9 years will be $3867.


Related Questions

PLEASE PLEASE HELP!!

Answers

Answer:

m <1 = 64

m<2= 26

Step-by-step explanation:

the angle is 90 degree

therefore, <1 + <2 = 90

(x+51) + (2x) = 90

3x +51 = 90

3x = 39

x = 13

nicholas wants to buy a cd for $200 that earns 3% apr and is compounded quarterly. the cd matures in 5 years. his interest earned will not be reinvested in the cd.what will nicholas total interest be at the date of maturation?

Answers

Answer: 30

Step-by-step explanation:

Answer:

the correct answer is $1.50 for me

Step-by-step explanation:

st took the quiz and got this question correct, hope this helps!

A dress is on sale for 35\% off of the regular price.

If d represents the regular price of the dress, which expression represents the sale price of the dress?


A.
0.35d

B.
0.65d

C.
1.35d

D.
1.65d

PART B
Use the information from Part A to answer the question below. The regular price of a dress is $90, determine the sale price of the dress.

The sale price of the dress is $
.

Answers

Answer:

Expression that represents the sale price of the wedding dress is  

Solution:

Given that, the dress is on sale for 35 % off the regular price

Let the regular price of dress be "w"

To find: Expression that represents the sale price of the wedding dress

Let "s" be the sale price of wedding dress

Sale price = Regular price - discount price

Discount price is given as:

Discount price = 35 % of regular price

Discount price = 35 % of w  

Thus discount price = 0.35w

Expression for the sale price of the wedding dress:

Sale price = Regular price - discount price

s = w - 0.35

s = 0.65

s= 0.65

Thus expression that represents the sale price of the wedding dress is

s=0.56

5 1/3 + (2 2/3 + 1 1/3)

Answers

answer: 9 and 1/3!! brainliest are appreciated

Good morning! Please help me sort these out for math in the picture above ( I put letters in red so then you can just tell me where the letter goes under either possible or impossible)

Answers

Answer:

sorry hunny you on your own

hey so i need help on my khan so please please please help

Answers

Answer:

Step-by-step explanation:

Conrad paid $52.26 for a pair of shoes. Michelle paid $3.89 more for a pair of shoes than Conrad paid for his.

Answers

Answer:

$60.30

Step-by-step explanation:

Answer:

The answer is $52.26 this is a trick question if you were finding how much Michael pay it will be $56.15

brainliest?

lol please help !!!!!!!

Answers

51
Do it like you normally would! Don’t let the question confuse you

Thelma and Louise ordered take - out from Belle Taco . Thelma ordered 2 tacos and 1 burrito and paid $ 3.79 . Louise ordered 2 burritos and 1 taco and paid . \$4.58​

Answers

Answer:

A taco cost $1 while a burrito cost $1.79

Step-by-step explanation:

This may be computed as a set of simultaneous equations

Thelma ordered 2 tacos and 1 burrito and paid $ 3.79

let the cost of a taco be t and a burrito b then

2t + b = 3.79

Louise ordered 2 burritos and 1 taco and paid . \$4.58​

t + 2b = 4.58

solve both equations simultaneously

multiply the first by 2

4t + 2b = 7.58

t + 2b = 4.58

subtract 2 from 1

3t = 3

t = 1

t + 2b = 4.58

1 + 2b = 4.58

2b = 4.58 - 1

2b = 3.58

Divide both sides by 2

b = 1.79

A taco cost $1 while a burrito cost $1.79

i need help what is the area of this composite figure​

Answers

Answer:

Lol

Step-by-step explanation:

Answer:

104 ft^2

Step-by-step explanation:

Check all that apply?

Answers

Answer:

B AND D

Step-by-step explanation:

Please help I will give brainliest

Answers

Answer:

A.

Step-by-step explanation:

Rectangle: Length * Width

       —> 12 * 2 = 24

Triangle: Base * Height * 1/2

       —> 12 * 2 * 1/2 = 12

Matches answer A.

The diameter of the washers are required to be between 1.53 millimeters and 1.65 millimeters long. Any washers that do not meet this requirement must be discarded. What percentage of washers will the factory have to discard

Answers

Answer:

32%

Step-by-step explanation:

Let x be the mean of the values and σ their standard deviation.

Since the minimum value of the diameter of the washers is 1.53 mm, then

x - σ = 1.53 mm  (1)

Also, the maximum value of the diameter of the washers is 1.65 mm, then

x + σ = 1.65 mm  (2)

Adding (1) and (2), we have

x - σ = 1.53 mm

+

x + σ = 1.65 mm  

2x = 3.18

x = 3.18/2

x = 1.59 mm

Subtracting (1) and (2), we have

x - σ = 1.53 mm

-

x + σ = 1.65 mm  

-2σ = -0.12

σ = -0.12/-2

σ = 0.06 mm

Since the diameter of the washers are required to be between 1.53 millimeters and 1.65 millimeters long, and x - σ = 1.53 mm to x + σ = 1.65 mm are the required values, 68% of the washers lie in this range. The other values lie outside this range. The amount that the factory would have to discard is 100% - 68% = 32%

This question is based on the percentage. Thus, 32%  of washers will the factory have to discard.

Given:

The diameter of the washers are required to be between 1.53 millimeters and 1.65 millimeters long.

We need to determined the percentage of washers will the factory have to discard.

According to question,

Let x be the mean and σ be their standard deviation.

The minimum value of the diameter of the washers is 1.53 mm.

Then,

x - σ = 1.53 mm  (1)

Also, the maximum value of the diameter of the washers is 1.65 mm, then

x + σ = 1.65 mm  (2)

Adding (1) and (2), we have

   x - σ = 1.53 mm  

+  x + σ = 1.65 mm  

⇒ 2x = 3.18

We get,

x = 1.59 mm

Subtracting (1) and (2), we have

 x - σ = 1.53 mm

- x + σ = 1.65 mm  

⇒ -2σ = -0.12

We get,

σ = 0.06 mm

Therefore, the diameter of the washers are required to be between 1.53 millimeters and 1.65 millimeters long, and x - σ = 1.53 mm to x + σ = 1.65 mm are the required values, 68% of the washers lie in this range.

And the other values lie outside this range. The amount that the factory would have to discard is 100% - 68% = 32%.

Thus, 32%  of washers will the factory have to discard.

For more details, prefer this link:

https://brainly.com/question/13703753

Help math eh at t were rhehh

Answers

96 hours is the correct answer
i think it’s a trick question, because it said how many wrappers the machine produced last week in the first sentence, therefore, the answer could be 4,416

Value of x
Give reasons

Answers

50 bc since all the angles in a triangle are 180 degrees the other angle in the complete triangle is 40 degrees and since the lines are parallel it would be a corresponding angle to the angle beside x, then you would take 90+40 +x= 180 bc it’s a straight angle
you would get 50

Answer:

50 degrees

Step-by-step explanation:

WILL MARK! Please help:)
Find x so that this quadrilateral is a parallelogram.

Answers

Answer:

46

Step-by-step explanation:

Answer:

46 bc the angles across from each other are the same in a parallelogram

I NEED THE ANSWER NOW! PLEASE! THE QUESTION IS DUE TOMMOROW. Find the area of the shaded polygon:

Answers

8
You can divide it to 6 square and a triangle
The triangle is 2
2 + 6 = 8

Which equation is true for the value x = 15?

Answers

Answer:

2x-15=15

where x=15

2(15)-15=15

30-15=15

Answer:

2x-15=15

where x=15

2(15)-15=15

30-15=15

Find the area of the shape

Answers

Answer: The area of the shape is 180 mm


Explanation: in photo below

7. A garden contains 284 flowers, each of which is either red or yellow. There
are 5 beds of yellow flowers and 4 beds of red flowers. There are 40 yellow
flowers in each yellow flower bed. If r represents the number of red flowers in
each red flower bed, what equation could you use to represent the number of
red and yellow flowers?

Answers

Answer:

284=5(40)+4r

Step-by-step explanation:

WILL GIVE BRAINLEST This list gives the areas of different garden plots in square meters.

5.5, 6.5, 6.0, 6.0, 6.5, 6.0, 6.5, 7.0, 5.5, 6.5, 5.5, 6.0, 7.0, 5.5, 5.5, 6.5, 6.0, 6.5, 6.5, 6.0, 7.0

Create a line plot to display the data.

To create a line plot, hover over each number on the number line. Then, click and drag up to plot the data.

Answers

Answer:

Step-by-step explanation: Let me help

Answer:

i go k 12 i im taking the test rn

Step-by-step explanation:

5.5   6.0    6.5  7.0

                           3

                  7

         6  

5

   

h(x) = -3x + 1 g(x) = 4x + 3 Find h(g(x))

Answers

Answer:

-12x -8

Step-by-step explanation:

Substitute g(x) into h(x) so h(4x + 3) = -3(4x +3) + 1 = -12x - 9 + 1 = -12x -8

(7x^2- 3y)^2 simplify

Answers

Answer:

49x^4-42x^2 y+9y^2

Step-by-step explanation:

Answer:

49x^4-42x^2 y+9y^2

Step-by-step explanation:

Find the value of k that makes the function continuous

Answers

Answer:

13/3

OR

4.33333

Step-by-step explanation:

For this function to be continuous, the second function must have the value of the limit as x approaches 3 of the first function.

To find [tex]\lim_{x \to 3} \frac{2x^2-3-15}{x-3}[/tex] we have to factor the top of the fraction

2x^2 - 3 -15

2x^2 - 18

2* (x^2 - 9)

2 * (x + 3) (x - 3)

this is perfect because this cancels out the x - 3 on the bottom

so the function become f(x) = 2 * (x + 3)

When 3 is plugged in it becomes 2 * (3 + 3) = 2 * 6 = 12

Now if you plug in 3 to the second function and make it equal to 12, you can find the value of k.

k*(3) - 1 = 12

k*3 = 13

k = 13/3

k = 4.33


What is the resulting cross section if the cheesecake was sliced parallel to its points?

Answers

Answer:

Step-by-step explanation:

??What is parallel to a point?

If the cut is parallel to the cut-off point, the cross-section is a rectangle.

A carpenter is measuring a cabinet to
ensure the sides create a right angle.
Determine whether the triangle is a right
triangle

Answers

Answer:

It is a right angle triangle.

Step-by-step explanation:

Use the pythagoras theorem. c^2 = a^2 + b^2.

5^2 = 4^2 + 3^2

25 = 16 + 9

25 = 25

Plz tell me if I am correct

Answers

Answer:

Yep  good job!!!

What is the correct order of operations? *
PEMDAS
O MDPASE
ASPEMD
PASEMD

HELPPPPPPP

Answers

Answer:

PAMDAS

Step-by-step explanation:

PEMDAS

hope it helps !

Please find the square root. Round your answer to the nearest tenth.
√81.4 =​

Answers

0Answer: 9.0

Step-by-step explanation:

.

URGENT PLZ HELP

Solve for x. Assume that lines which appear to be diameters are actual diameters.

Answers

Answer:

Step-by-step explanation:

This is a central angel so the degree of the angle is equal to the degree of the arc which is 111.

X+114=111

add negative -114 to each side to get X alone.

-114+X+114= 111+-114

X=-3 .   Answer negative 3

Other Questions
The transport of molecules of a particular solute from inside an animal cell across the cell membrane to the extracellular fluid always requires energy when _____. View Available Hint(s) The transport of molecules of a particular solute from inside an animal cell across the cell membrane to the extracellular fluid always requires energy when _____. a transport protein is involved in the movement of the molecules the lipid bilayer is permeable to the solute the concentration of the solute is lower inside the cell than outside it the concentration of the solute is higher inside the cell than outside it Brain Power! - Minds On- (-3 + 4) x 66 + -19 x 8 - 2 Please help now ASAP!!!! Help plz :)Determine the measure of each unknown angle using the diagram. Marigold Corp. incurs the following costs to produce 10100 units of a subcomponent: Direct materials $8484 Direct labor 11413 Variable overhead 12726 Fixed overhead 16200 An outside supplier has offered to sell Marigold the subcomponent for $2.85 a unit. If Marigold could avoid $3000 of fixed overhead by accepting the offer, net income would increase (decrease) by $838. $(3364). $6838. $(5929). Which expression is equivalent to the expression shown?(5^3)^9/5^12 5^245^155^05^1 What three factors affect the acceleration of an object? Data Set: 5, 8, 10, 10, 15, 18, 23. What is the upper quartile limit (Q3) of this data set? * Portfolio Returns i. stock has mean of 8% and stdev of 20%; ii bond has mean of 6% and stdev of 15%; iii correlation b/w stock and bond of -0.3; iv. Risk free rate for cash lending and borrowing is at 1%. a. What is the mean and stdev of a portfolio of that is 60% in stock and 40% in bond (3 points) how did the French revolution influence the Haitian revolution What is the correct relationship between temperature and internal energy? Write four to five sentences in English explaining how the U.S. has influenced fashion in France. By the year 850 A.D., which world religion covered the most territory and had the most followers?Your answer:IslamChristianityJudaismShintoism Rafael is cutting pieces of wood to make a triangular pyramid like the one shown below. The base of the pyramid is an equilateral triangle, and the faces are isosceles triangles. evaluuate 9-b when b=8 Write about my first day in senior high school in French PLZ ONLY TYPE IN SSS , ASA, SAS, AAS, HL) IFthe triangles are not congruent, type in NEI Samuel needs 233 feet of wood to build a fence.The wood comes in lengths of 11 feet. How many prices will samuel need to buy? South Africa's system of separating the races was called __________? Suppose y varies directly with x and y = 25 when x = 140. What is the value of xwhen y = 36?